US equities are seeing selling into each attempt to rally. A daily close in the sp'2055/45 zone looks probable.. along with VIX 18/19s. Metals remain weak, Gold -$5, set to take out the multi-year $1072 low. Oil continues to implode as inventories just keep on building (4.2 million barrels), -2.6% in the $41s.
Price action continues to full support the notion of a sig' net daily equity decline... having broken not just the bear flag, but the 200dma of sp'2064.
The 2020s look highly probable... and that will likely equate to VIX briefly above the 20 threshold.
As talk of 'will they.. or won't they raise int' rates'... Yellen is under some pressure today...
I could think of some other less polite captions, but 'clueless' is always appropriate for the maniacs at PRINT central. They never lead... they always react.
VIX update from Mr T.
time for lunch :)